In a recent article by Octa Finance, there was a review of Highland Capital Management’s third quarter 13F filing for 2015. Some of the more interesting aspects of the filing were in regards to the sectors that the firm’s portfolio is made up of. Previously, the portfolio was constituted mainly by the health care and financial sector. In the third quarter this changed when the firm pulled out of several stocks and lowered their investment in the health care sector down to 683 million dollars. The firm’s investment in information technology is 615 million dollars, in finance is 615 million dollars, in energy is 410 million dollars, in consumer discretionary is 341 million dollars, in transport is 273 million dollars, utilities and telecommunications is 136 million dollars, materials is 34 million dollars and services are 34 million dollars.
The significant change in sectors also caused a significant change in the firm’s portfolio. By the end of the third quarter, the portfolio had a value of 3.42 billion dollars. This portfolio is only 22 percent of the firm’s total assets under management, which is roughly 15 billion dollars.
James Dondero has been running Highland Capital Management for more than 20 years and it has become one of the largest and most experienced firms on the market. There were 3 big moves that made from the year 2000 forward that launched the firm toward success. The first big move was in 2000, when the firm developed their firms commingled bank loan fund and then later that year they created an alternative investment 40 Act platform. The second big move was in 2004, when the firm expanded the services it offered to mutual funds. They entered into this service by acquiring two floating rate funds of Columbia Asset Management’s. The third big move was when the opened offices in 2009 in Singapore and then in 2011 in Seoul.
In order to gain this type of experience, Jim was educated at the University of Virginia and then he went on to work as a corporate bond analyst, a portfolio manager and an analyst before become of the Chief Investment Officer of the firm he would by several years down the line and turn into Highland Capital Management. Jim also has certification as CPA, CFA and CMA.
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To read the whole article, please go here: http://www.octafinance.com/highland-capital-management-top-10-holdings-in-q3-2015/352793/